The department of Indirect Taxes considers taxing foreign crypto entities
It is because many global crypto exchanges are eyeing the Indian market
Entities like Coinbase, Binance, Bitfinex, OKEx and Gemini are already in the line
Currently, foreign exchanges serving Indian investors are not paying taxes
But, most of the Indian exchanges have been paying 18% GST
India may categorise foreign entities as Online Information Database Access and Retrieval (OIDAR) services
It may further ask them to pay 18% GST accordingly
